MAFSI members forecast a 4.3 percent sales increase in Q1 2016.
Sales of foodservice equipment and supplies increased 4.9 percent in the fourth quarter of 2015, per the Manufacturers’ Agents Association for the Foodservice Industry. This exceeded projected sales levels by .6 percent. According to the MAFSI Business Barometer, independent manufacturers’ reps project a 4.3 percent sales increase for the first quarter of 2016.
According to the MAFSI members, sales in the fourth quarter of 2015 increased 6.9 percent in the west, 5.6 percent in the Midwest, 4.3 percent in the South, 4.2 percent in the Northeast and 1 percent in Canada.
By product type, sales of foodservice equipment grew 5.1 percent, tabletop 4.7 percent, supplies 4.0 percent and furniture 2.8 percent.
Quoting activity remains healthy, with 54 percent of reps report they are quoting more.